What is difference btw location and localization of industry?

Answer 1

location of industries is sitting an industry in a particular place with the motive of reducing cost of production whiles localization of industries refers to a situation where a company concentrate its products towards a specific area attract demands for them.

Answer 2

The difference between location and localization of industry lies in their scope and focus. Location of industry refers to the geographical placement of industrial activities, taking into account factors such as proximity to raw materials, labor force, and markets. Localization of industry, on the other hand, refers to the concentration of specific industries or clusters within a particular region, often driven by agglomeration economies and specialized skills or resources available in that area. In essence, location is the general placement of industries, while localization is the specific clustering of certain industries in a particular region.

Answer 3

Oh, dude, it's like this - location of industry is where a business sets up shop, you know, like picking a spot on the map. Localization of industry is more about adapting that business to fit the specific needs and tastes of a particular region or market. So, one's about where you put it, and the other's about how you make it fit in. Cool, right?

Answer 4

Well, honey, the difference between location and localization of industry is that location refers to where a specific industry is situated geographically, while localization involves adapting products or services to suit a particular region or market. So, in simpler terms, location is about where the party's at, while localization is about speaking the local language and dancing to the local tune to make sure you fit in and sell your stuff.